The used car market remained resilient in early October, with average values falling by just -0.5% in the first 10 days, according to the latest data from Cap HPI.
Projections suggest a more modest total decline of -1% by the end of the month, compared to an average October drop of 1.6%. Last year saw a sharper -4.2% decrease over the same period.
Despite an uptick in supply since September, there is still a noticeable shortage of three- to four-year-old vehicles, keeping demand relatively stable.
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